Barbados Property News - April / May 2019

EE NE FR NLI O &

Seaside Realty Page 1

Alleyne Real Estate - Page 9

Altman - Page 15

BARBADOS PROPERTY

NEWS www.barbadospropertynews.com • April - May 2019 • Issue 122

Rockley Luxury Villas Inc.

Endorsed by the Barbados Estate Agents and Valuers Association Inc.

Rockley Luxury Villas - Starting at US400,000.00. Coming Soon - Page 4

BEACH FRONT & MARI NA & BISTRONOMY & CONCIERGE & SPA & LUXURY VI LLAS OWN HERE TO EXPERIENCE IT ALL!

Prices for 2-5 Bedroom Residences Starting at US $1.595 Million 800.279.5007 barbados@imiliving.com

TASTE THE LIFESTYLE THAT AWAITS YOU WITH OWNERSHIP

The sister resort communities of Port Ferdinand and Saint Peter’s Bay, with their oceanfront locations, luxury villas, and reciprocal privileges, o er such a diverse lifestyle, you’d need a lifetime to experience it all! Dine in our restaurants.

Rejuvenate at our pools. Engage with our Concierge Team. Give us a call or stop by to discover for yourself the experience that comes with being part of our community. At Port Ferdinand and Saint Peter’s Bay, you don’t just own your residence, you own the lifestyle.

To learn about ownership bene ts at Port Ferdinand or Saint Peter’s Bay, contact us at 800.279.5007 or barbados@imiliving.com.

FEATURE

Rockley Luxury Villas Inc. The property will be developed into 5 three story blocks containing 2- and 3-bedroom condominium units. There will be 12 three bedroom and 27 two-bedroom units all designed to allow for a comfortable living space with plenty of space for storage. Each unit will exist on one level providing an open living plan.

Special consideration has been given to ensure that the completed project will offer a green environment without the overpopulation of buildings.

The 3-bedroom units will average 1,800 sq. Ft. and the 2bedroom units will average 1,300 sq. Ft each.

The main features of the development include: • A communal swimming pool centrally located

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• Existing mature trees and foliage maintained wherever possible • Drive up parking and ample guest parking • Elevators in every building • Secure garbage areas on each floor • Underground catchment of rain water for irrigation purposes • Provision for potable water storage tanks • Provision for generators and solar panels • Provision for gated community with onsite management • Provision for air-conditioning throughout each unit • Kitchen appliance package included • Solar water heating, wiring for telephone, cable and high-speed internet access

FEATURE

The property is ideally situated to take advantage of the surrounding amenities including those offered by Rockley Resort and Golf Club. These amenities include: 1. Entrance located within Rockley Golf Club providing unrestricted access to the Golf Club grounds and the same level of privacy offered to the Rockley units 2.Easy walking distance to supermarket, banks, convenience stores, restaurants and shopping.

3. Walking distance to Worthing and Rockley beaches 4.Rockley Golf Club offers a 9-hole course 5. Club house offers a restaurant & bar and evening entertainment

The Directors Ronald E. Davis – Chairman and Project Development Dr. Geoffrey F De Caires, MD Richard C. Gill BA (Hons), FRTPI Stephanie A P King, FCCA Gordon Bayne

The Project Team: Project Management: Steinbok Management Services Inc. Mr. Joe Steinbok Quantity Surveyor: Bruce Shaw Project Services Ltd. Mr. Austin Hickey Architectural Services: Habitats Architectural Designs Inc. Peter Sandiford, M.Arch, B.E.D.S., Dip. Eng., ARB, BIA Accounting – BDO, Mr. Joseph Ward Legal – Fitzwilliam Stone & Alcazar – Mr. Michael Fitzwilliam

Real Estate Services: Luxe Caribbean Properties Inc. Luxe Caribbean Properties (Luxe) will be the lead agent representing Rockley Luxury Villas in the sale of the condominium units. www.luxecaribbeanproperties.com , info@luxecaribbeanproperties.com Office: 622-1710 – 8324604

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Editor’s Comments We don’t really associate Barbados with springtime as the weather is Tropical and it’s virtually Summertime all the year round. However, Visitors and locals alike can sense the change as days get hotter and there’s plenty of change happening on the island these days. Check out the news things in for the season in our Spring time feature.

Our Government is full of positive and enthusiastic economic recovery measures and, although the recent Budget hurt a few people, there were other concessions for the taxpayers. No pain- no gain will affect us for a few years, but the Honourable Prime Minister Mia Mottley is heading in the right direction after many years of despondency from the old Government.

We are in a better place now after her landscape Pamela Hiles, Editor election.

New developments are slowly springing up and one of the most enterprising is the one ideally located on the South Coast within Rockley, which of course, sits within the most idyllic 9-hole golf design. Rockley is a little oasis with its towering mahogany trees, beautiful shrubs and tranquil environs. Two and three bedroom units are offered starting around US$400,000 and are being sold through Luxe Caribbean.

Barbados Property News embraces Property listing for sale and rental, property products and property services. It is a free bi-monthly publication and can also be seen all over the world on www.barbadospropertynews.com. Happy viewing!

On the Cover: Rockley Luxury Villas

Publisher – Hiltop Publications Ltd, 11 Cottage Ridge, St George, Barbados, BB19071 Tel (246) 228-9122, Fax (246) 228-0243 Email: sportingb@caribsurf.com www.sportingbarbados.com www.barbadospropertynews.com www.caribbeanpropertymag.com www.caribbeanmortgageservices.com Editor/Advertising – Pamela L Hiles Design and Art Direction – 809 Distribution – Hiltop Publications Ltd, Brian’s Print Brokerage Printing – Coles Printery The Material and editorial contained in this publication have been deemed accurate at the time of going to print. The views expressed as editorial are those of the Editor unless stated otherwise. No part of this publication may be reproduced without the consent of the permission of Hiltop Publications Ltd.

If you would like to advertise in Barbados Property News call Pam at 228-9122 or 232-0692

FOR RENT

Star Gazer, Sugar Hill, St. James Gated Community 4 Bed/4.5 Bath US$ 8,500 per month

SALES

Crystal Heights, St. James BB$595,000

Centrally located within minutes of Warrens and the Welches business districts. Charming 2 bed/ 2 bath home features an alluring private rear garden patio, sitting on 7,500sqft of land.

St. Lawrence, Christ Church BB$2,200,000

Commercial land located in a prime South Coast area situated between the popular St. Lawrence Gap and Maxwell. Lot is fully enclosed with an existing foundation. Investment Opportunity.

RENTALS

Sunset Crest, St. James BB$2,800/mth

Situated on Poui Avenue, this 2 bed/ 2.5 bath home is rented as unfurnished. Featuring a plunge pool, spacious kitchen, separate wash room, small of ce, and fruit trees.

Prior Park, St. James BB$500 – $4,522/mth

Commercial building has individual work stations and a separate space - unit B measuring 952sqft – includes one main of ce and two private of ces. Located close to Warrens.

PROPERTY MANAGEMENT

Villa Irene, St. James

Luxurious holiday home with incredible sea views, sleeps 10 persons. Looking for a property manager and holiday rental management team for your investment property?

We take care of your home, like it’s our own!

Coral Sundown, St. James

Fabulous 6 bedroom estate located in Sugar Hill featuring a private tennis court, serene gardens and a spacious outdoor dinning, relaxing and pool area. With holiday rentals you take home the returns, we handle the rest!

Visit us at www.cipcaribbean.com, email info@cipcaribbean.com or contact David Coombes at 246.826.6263 or 246.424.6633

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ANOTHER REASON TO OWN AT PORT FERDINAND…

LARRY ROGERS CHEF AND RESTAURATEUR

Set in the heart of Port Ferdinand, on the water’s edge, o ering a welcoming atmosphere along with an elusive air of cosmopolitan sophistication, Dockside at 13°/59° is the newest culinary experience from Larry Rogers and his wife and creative partner, Michelle.

After honing his craft for many years working in the USA, UK and New Zealand, Chef Larry returned to his native Barbados in 1988 and since then has launched some of the island’s most iconic restaurants – Olives Bar & Bistro, La Terra, Cin Cin & Primo. His attention is now focused on the newly-opened Dockside at 13°/59°, where the restaurant’s theme of “bistronomy” has become the new buzzword taking Barbados by storm.

How would you describe the current culinary scene in Barbados?

Barbados is one of the better destinations for food in the Caribbean. We have become very sophisticated and innovative in our cuisine. Before 1988, every hotel executive chef was own in from overseas, but now the local chefs are rising to command those positions. Today we are producing a lot more of our own food on the island – which is a very positive thing. Most of our exotic lettuces and herbs are grown here which make them spectacularly fresh. We are making creamy, delicious mozzarella, goat cheese, and farmers are now raising and producing high quality beef, pork, chicken and rabbit. Not to mention the ready availability of the freshest sh and local lobster.

What’s the experience like at Dockside at 13°/59°?

Port Ferdinand o ers a truly gorgeous setting, right on the water with the boats all around. It’s an intimate and incredibly peaceful spot, perfectly suited to our contemporary organic style. My menu o ers some classic dishes with a refreshing twist, complimented with more complex preparations like our ballotine of rabbit and the 5 hour braised short rib. Our concept at Dockside is “bistronomy” – 50% gastronomy, 50% bistro, encompassing high quality ingredients combined with the culinary discipline and techniques of high end cooking.

What’s your favorite part of the job?

I actually see it more as a lifestyle than “a job”. I love the creativity involved in the process of developing a balanced menu that can entice the most discerning palate, while still maintaining a point of view.

Over the years of cultivating a following, I have a responsibility to my clients to keep things fresh and interesting. I have never taken my customers loyalty for granted and I really enjoy interacting with my diners and hearing their feedback. Staying connected with my guests is so very important to me.

Dockside at 13°/59° is located beside the marina within Port Ferdinand. For reservations, call 246.272.1359.

World-class chef and cuisine at your home — another reason to own at Port Ferdinand!

To learn about ownership bene ts, contact us at 800.279.5007 or barbados@imiliving.com.

New House & Land Development

Highland, St. Philip 21 Lots Available Package prices range from: $224,000-$304,000

Tel: 425 4064 • www.eldbarbados.com

Spring

Feature

Shopping!

Designer Decor Glass Whale Statuary $85

Walkers World Yellow Potted orchid

Dwellings Good Company – The Fearless Issue - $39.95

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Archer’s Hall Paradise Toucan II.

Natz Mallia 4 x 6 Rug $213.30

Designer Decor Luzon Tall Glass Vase $295

Dwellings Above: Palm Leaf Dinnerware Set – $199.95 Below: Pink Potted Orchid - $69.95

Gajah Vibrant Shades Seat Pads - $69.00 each

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Spring

Feature

Shopping!

Walkers World Wooden wall photo frame

Archer’s Hall Pineapple Tote Bag

Natz Red Roses Canvas Art $686.55

Natz Trenton Table Lamp $422.65

Gajah Linnaea Bloom Artwork - $589.00

Walkers World Seagrass baskets

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Gajah Turquoise Glass Lamp - $189.00

Barbados Valuers Council (BVC) The Expectation of a Valuer Times have changed for the Valuer. Different demands, different expectations aligned with a requirement for greater transparency and accountability. Consumers needs and expectations have increased therefore, Valuers need to keep abreast of market changes and adopt and embrace good practices and standards to survive in a competitive market place.

However, it is worth mentioning that property valuation is characterised by uncertainty. The following statement is provided within the Royal Institution of Chartered Surveyors - RICS Valuation – Global Standards 2017 (the 'Red Book'): “All valuations are professional opinion. A valuation is not a fact. Like all opinions, the degree of subjectivity involved will inevitably vary from case to case, as will the degree of “certainty”.

Ensuring user understanding and confidence in valuations requires clarity and transparency” In order to provide valuation advice and reports timeously, in an objective & transparent manner with the required level of quality; Valuers should: 1 . Comply with International Valuation Standards (IVS) - IVS provides a code of mandatory and recommended practices. IVS compliance is compulsory for members of the Valuer’s Council.

2. Embrace technology –advanced technology expediates and enhances valuation reporting. More and more emphasis is being placed on technological advancement in all aspects of the construction and property sector.

3. Enhance client expectations – provide reports which reflect

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BEAVA

clients changing requirements. Valuation is more challenging than ever given current market conditions. Data is more challenging to interpret, and transactional volumes have decreased leaving less data for the Valuer to draw upon and assist in arriving at an opinion of Market Value.

4. Independence & Objectivity – in order to provide a valuation report that consumers can trust and rely upon, the exercise must be carried out with complete independence and no external influence or bias. Valuations should be based on the correct methodologies and employ suitable analysis of the relevant market data available. Valuation reports should not be ambiguous or misleading and reports should be easy for the reader to follow. The client is entitled to understand how the Valuer arrived at their opinion of value. It is no longer acceptable to produce a valuation report which is challenging to follow.

5. Liability –Valuers should have sufficient Professional Indemnity Insurance in place. Valuers need to weigh up the risks of accepting instructions versus the rewards.

6. Timescales - consumers require a practical turnaround. It should be noted that this should not be at the cost of quality!

7. Up-to-date skill set – times move fast, and the profession continues to evolve. Continued Professional Development (CPD) is a great way to advance knowledge base. Don’t get left behind!

Clients expect, and Valuer’s should deliver, reports which provide clear and unambiguous information. The key to a good valuation report is the reader being able to understand how the Valuer arrived at their opinion of Market Value.

For queries or further information contact us at http://beavainc.com/contact-us

Splash: The Furniture Art Charity Event

Real Estate News

Splash: The Furniture Art Charity event was a first of it’s kind event held

by Dwellings. The purpose of the event was to showcase upcoming local artists and support local charities. Partnering with the four talented artists Alex Marshall, Alanis Forde, Shane Eastmond and Von Hall to create a fun filled event as well as an entertaining one for a great cause was a very exciting endeavor for the Dwellings Team. Through a successful silent auction the event was able to donate funds to The Ark Animal Welfare Society, RSPCA, Variety The Children’s Charity and The Substance Abuse Foundation at Verdun House.

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Port St. Charles is many things, but essentially we’re unique.

Port St. Charles is an exquisite residential marina with a charming lagoon...

Whether you decide to enjoy a meal at the Yacht Club Restaurant, lounge at the Sunset Pool with a delicious beverage, pamper yourself at the beauty salon or keep fit in the gym, everyone agrees that Port St. Charles is a completely unique experience.

Premium waterfront homes available for sale, holiday and long term rentals For Sales & Rental Information - T: 246.419.1000 Ȓˏ,/ Ȑ/0!2!Ȳ .% /1."Ȑ +)ˏȼˏ333Ȑ,+.0/0 $ .(!/Ȑ +)